Sector - Retail
Sophisticated ladies Fashion store in a lovely mall in Pretoria East area. Upmarket Clientele. High LSM. Be part of this established group as they look to grow with a new franchisee for this already well-established and profitable store.Be in business for yourself but not by yourself.Give me more information
Fully describe the business's activities?
Sophisticated Fashion Clothing Retailer in a lovely mall in Pretoria.The group has been trading for 35 years and is now in the process of franchising some of their stores across Gauteng. This is an excellent clothing retail store with a good trading record and is well-established. With being part of a franchise you can be in business for yourself but not by yourself. This will give an owner the opportunity to tap into the vast knowledge of the Head Office with its expertise in buying as well as its significant buying power.
How does the business operate on a daily basis?
The store is manager run. The owner will be involved significantly as a franchisee to help promote growth.
What competition exists?
Normal competition in malls but this group has exclusivity of certain brands. 80% of merchandise is imported from Italy, Europe with some manufacturing in China.
How could the profitability of the business be improved?
The loyalty programme is constantly being improved including looking at giving instant discounts to loyal clients.
Do any have management potential?
Manager is already in place.
How involved is the Owner in running the business?
The current owners visit the store about once a week.
When does the current lease end?
There is a current lease in place. The group has an excellent relationship with all its landlords and details will be made available to interested parties.
What are the trading hours?
The trading hours are centre-dependant.
What are the main assets of the business?
Point of Sale Computer Equipment and Shop Fittings and Fixtures
Well-established. Excellent, knowledgeable staff. Excellent reputation in the market. Extensive store-specific databases for marketing purposes. Experience of Head Office in purchasing the correct stock for each season. Strong Head Office relationship with suppliers - both local and overseas. Sophisticated fashion targeting up-and-coming women in the area.
None really, except normal economic conditions which all businesses are susceptible too. However, due to the long-standing history of this business it is always well-prepared.
Targeting slightly younger and up-and-coming ladies with sophisticated fashion.
Normal economic conditions which have been well-navigated over the years by this business.
What is the reason for the sale?
The group is franchising a number of its stores throughout Gauteng to help it grow and manage the business better whilst working with like-minded entrepreneurs.
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